Financial Performance - For the nine months ended September 30, 2023, the revenue was HK$12,333,000, a decrease of 13.4% compared to HK$14,258,000 in the same period of 2022[9]. - The gross profit for the nine months ended September 30, 2023, was a loss of HK$2,615,000, compared to a gross profit of HK$23,063,000 in the same period of 2022[9]. - The loss before taxation for the nine months ended September 30, 2023, was HK$23,102,000, compared to a profit of HK$12,216,000 in the same period of 2022[11]. - The total comprehensive expense for the period ended September 30, 2023, was HK$23,102,000, compared to a total comprehensive income of HK$12,216,000 in the same period of 2022[11]. - The basic and diluted loss per share for the nine months ended September 30, 2023, was HK$3.85, compared to a profit of HK$2.50 in the same period of 2022[11]. - For the nine months ended 30 September 2023, the Group reported a loss attributable to owners of the Company of approximately HK$22,569,000, compared to a profit of approximately HK$12,476,000 for the same period in 2022[61]. - Total revenue decreased by approximately HK$17,479,000 from approximately HK$31,737,000 for the nine months ended 30 September 2022 to approximately HK$14,258,000 for the nine months ended 30 September 2023[52]. - Gross profit turned into a gross loss of approximately HK$2,615,000 for the nine months ended 30 September 2023, down from a gross profit of approximately HK$23,063,000 for the same period in 2022[54]. Revenue Breakdown - The Group's revenue for the nine months ended 30 September 2023 was HK$14,258,000, a decrease of 55.1% compared to HK$31,737,000 for the same period in 2022[31]. - Revenue from publications and advertising income for the nine months ended 30 September 2023 was HK$5,336,000, down 55.5% from HK$11,986,000 in 2022[31]. - Outdoor advertising income decreased significantly to HK$629,000 for the nine months ended 30 September 2023, compared to HK$18,876,000 in the same period of 2022, representing a decline of 96.7%[31]. - The Group's sales of fast-moving consumer goods amounted to HK$8,293,000 for the nine months ended 30 September 2023, compared to HK$0 in the same period of 2022[31]. - The Group's provision of exhibition and trade show services generated no revenue for the nine months ended 30 September 2023, down from HK$875,000 in 2022[31]. Expenses and Costs - The operating expenses for the nine months ended September 30, 2023, were HK$11,651,000, compared to HK$9,340,000 in the same period of 2022, reflecting a 24.8% increase[9]. - The cost of sales increased from approximately HK$8,674,000 for the nine months ended 30 September 2022 to approximately HK$16,873,000 for the nine months ended 30 September 2023[53]. - Operating expenses increased by approximately HK$2,311,000 from approximately HK$9,340,000 for the nine months ended 30 September 2022 to approximately HK$11,651,000 for the nine months ended 30 September 2023[55]. - The finance costs for the nine months ended September 30, 2023, were HK$1,824,000, compared to HK$1,719,000 in the same period of 2022, indicating a 6.1% increase[9]. - The Group's finance costs amounted to approximately HK$1,824,000 for the nine months ended 30 September 2023, compared to HK$1,719,000 for the same period in 2022[60]. Share Issuance and Capital - The company issued new shares by way of placing, raising HK$14,515,000 during the nine months ended September 30, 2023[13]. - The net proceeds from a share placement completed on 3 April 2023 amounted to approximately HK$14.2 million, with approximately HK$8.5 million utilized as of the report date[63][67]. - As of September 30, 2023, the company had a total of 622,080,000 shares issued[73]. - Mr. Lui Man Wah holds 343,300 shares, representing approximately 0.06% of the issued share capital[73]. - Muhammad Shaifadila Binti is a beneficial owner of 39,376,000 shares, accounting for 6.33% of the issued share capital[76]. - During the nine months ended September 30, 2023, the company did not purchase, sell, or redeem any of its listed securities[81]. - The Share Option Scheme adopted on February 16, 2015, will expire on February 16, 2025, with all options granted canceled since October 16, 2019[80]. Corporate Governance - The Audit Committee reviewed the unaudited condensed consolidated financial results for the nine months ended September 30, 2023, prior to Board approval[88]. - The company has established an Audit Committee in accordance with GEM Listing Rules, comprising independent non-executive Directors[87]. - No competing business interests were reported by the Directors or controlling shareholders during the nine months ended September 30, 2023[82]. - The company is not aware of any other persons with interests or short positions in its shares that require disclosure as of September 30, 2023[77]. - The Group has not recognized any income tax expenses for the nine months ended 30 September 2023, as it does not have any assessable profit in Hong Kong[32]. Business Outlook - The Group remains cautiously optimistic about its business outlook despite the ongoing challenges in the advertising industry[48]. - The Group experienced a 240% increase in visitation to Macau in the first six months of 2023, reaching 11.6 million visitors compared to the same period in the previous year[46]. - The Group adopted new and revised HKFRSs, which did not have any significant effect on the results and financial position for the current and prior accounting periods[27].
惠陶集团(08238) - 2023 Q3 - 季度财报